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zhannawk [14.2K]
3 years ago
7

Identify whether a debit or credit results in the indicated change for each of the following accounts.

Business
1 answer:
Maksim231197 [3]3 years ago
8 0

Answer:

a. To increase Land - Debit

b. To decrease Cash - Credit

c. To increase Fees Earned (Revenues) - Credit

d. To increase Office Expense - Debit

e. To decrease Unearned Revenue - Debit

f. To decrease Prepaid Rent - Credit

g. To increase Notes Payable - Credit

h. To decrease Accounts Receivable - Credit

i. To increase Common Stock - Credit

j. To increase Store Equipment - Debit

Explanation:

Debit gives details of spending, sum owed , amount to balance which is usually recorded to the left side of an account entry book while credit gives the details of income, amount earned or made on sale, spending cut and revenue and is usually placed to the right hand column of an account entry.

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A good place to begin an interior structure inspection is the A. basement. B. garage. C. attic. D. plumbing system.
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3 0
3 years ago
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The ultimate goal of the capital budgeting process is to​ ________. A. list the projects and investments that a company plans to
Tanzania [10]

Answer:

The correct option which represents the ultimate goal of capital budgeting is D) .

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3 years ago
The supplies account had a beginning balance of $1,693. Supplies purchased during the period totaled $4,413. At the end of the p
olga55 [171]

Answer:

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At the time of purchasing supplies, the entries includes a debit to supplies accounts, and a credit to cash or accounts payable which is dependent on whether the cash purchased was done via cash or an account

For supplies used, debit supplies expense and credit supplies account. The movement in supplies account over a period is due to purchases and its expressed as;

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2 years ago
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